The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1887-06-30
JAY COULD.
The Great Financler Interviewed
on The Recent Break In The
Stock Exchange.
He Also Briefly Gives His Views
on The Present Political
Situation.

New YORK, June 25.-The Times this
morning says:
sit is no libel to say that there are peo-
Pile in Wall street who do not credit all
the statements made by the Gould crowd
yesterday. Gould and Sage called loans
by the wholesale. They did their level
best to corner money. They tumbled
basketfuls of stock on the market. The
break was of their own designing, so be-
lieves everybody who presumes to have
an independent opinion in Wall street.
| 1t was their own Western Union, and Mis-
souri, Pacific, and Manhattan, that they
used to slug the market with,
and if they we're not gun
ming after Cyrus Field every
indication seemingly worth attention is
all wrong. 1t has been an open secret
that Gould and Sage do not love Field for
all their speculative cooperation with
him. Russell Sage is Oil record as pre-
dieting that the time was coming when
Cyrus Field will go "patter, patter, pat.
| ter" Deacon Sage made description of
Brother Field on dead run. Field, ac-
cording to common fame, is loaded heav-
Ivy with Manhattan. Gould has been the
loaner of money to the Henry S. Ives
crowd, and he called $S,000000 yester-
| day.
Though Gould has been advertised a
good deal lately as the patron of Ives,and
though Ives has been recognized in many
quarters as Gould's chosen instrument for
settling big telegraph war through the
b. g. 0. deal, still close observer has not
been misled into the idea that Gould was
quite all that popular opinion has sug-
ested. When somebody remarked to
Gould that Ives was young man to be so
conspicuous in Wall street, Gould's quiet
observation was: "Well, it often
happens that Wall streets great
est financiers are young men. How old
was Ferdinand Ward?"
Jessie Seligman predicts that within
the next few days it will be discovered
thai gold is on the way here from Europe,
and that tight money is no longer
danger. Other bankers with foreign con.
nections gave Mr.. Seligman's opinion en-
dorsement. Some of those that are always
on parade as possessing "Gould informa-
ton" we're among the weariest citizens
that this town can boast. Every one of
them all was caught loaded up with stocks
at top prices. Russell Sage and Jay
Gould have slaughtered every one of their
friends, as their hangers on love to label
themselves. Jay Gould offers, as an ex-
cuse for his wholesale calling of loans that
he thought stocks were cheap and he could
use his money to more advantage in the
market than he could by having it out on
loans.
The World prints long interview with
Gould, from which the following is
taken:
"Mr Gould, to what do you attribute
the great disturbance in Wall street to-
day."
me dead" said Mr.. Gould, "but they found
out that Mr.. Field was not broke, and that
l was not dead. l believed that certain
: stocks were cheap. bought some.
} bought Missouri Pacific, Western Union
and Manhattan. am not in the market
: as a Spectator, and am not an extensive
buyer of anything. / don't owe money,
and have little to spare to buy good
things occasionally when see Them"
"The interstate commerce law has now
had good trial. What is the effect of It
on the railroad system of the countryw
81 think it is beneficial. My in
structions were TO carry out the law on
our roads, and we think we have profited
. by it. The com missioners are intelligent
: men, and they are Interpreting the law so
as to make it produce the best results,
. think"
"Has the political situation any bearing
on the railroad and business interests of
: the country? Would change back to
republican administration be hurtfuly"
II don't think change would have any
effect" replied Mr.. Gould. After a mo-
: ment's reflection he said: "The present
administration is discreet one, andd do
: not believe any administration would
t interfere with the prosperity of the coun-
: try.
v 'what policy would produce the best
: rssults for the country at Target"
= "To let it alone" was Mr.. Gould's quick
I response. "The country is able to work out
t its own prosperity. Americans are a
j. great, noble and brave people, and all
g they want is to be let alone. They do not
n want interference from the president or
8, congress, state legislatures or governors.
h It would be better If the legislatures met
Ii only once in five years. The people are
o able to take care of themselves and run
q their own affairs. The flower of other
II lands have to serve from one to seven
9 years in the armies. We have no great
= standing armies, and our best
r. men can prosecute industries that make
8, the country rich and the people contented.
h Our psople will always be prosperous as
10 long as they can attend to their own af-
g fairs"
l. "Mr. Gould, have you ceased specula
Z ton in Wall street wholly and for goodr
If IL may buy stock, as did to-day, when
1t think / am acquiring property cheap
but have absolutely stopped speculation
/ withdrew from Wall street to remain
out, year ago last January. shall
70 never, under any circumstances, be
,s Spectator again."
=, Death of General Speed.
h LOUISVILLE, Ky, June 25.-General